It was June 2021 in Miami. Thinking back on that day, I remember the crowds and lines: it was a hot summer afternoon, the first bitcoin event I’ve attended and one of the first outings I’ve been on in over a year post-pandemic had attended. To say I was uncomfortable both socially and physically would be an understatement. If that’s not enough, I got the adrenaline pumping as I slipped past security guards removing those standing in the hallways and emergency exits. There were basically people pushing on top of each other to get in – maybe they were just trying to get in the air conditioning, I don’t know – but I think that was ground zero for a new BTC variant. That made it all the more special after I was through.
Because this wasn’t a normal announcement full of press releases, fancy buzzwords and logos. It was a memory filled with emotion, energy and excitement – hope was in the air. After leaving this room I was genuinely optimistic about the future of Bitcoin, El Salvador and the world. Jack Mallers has also stood the test of time. He was so emotional he could barely get the words out and I remember really feeling his care and concern as he spoke about his time in El Salvador. It was contagious.
That was a big day in Bitcoin history. Not that bitcoin needs governments to adopt it, but I believe the sooner governments adopt it, the sooner we can transition to a sound monetary system, and the more peaceful and harmonious the transition will be. This will go down in history and I believe will be the day that nation state game theory began. As Mallers, the chessman, puts it, it’s a “pawn on E4 moment”.
Before 2021, it was only speculation that governments would adopt Bitcoin. We bitcoiners knew game theory would eventually make it possible, but it all became a reality with El Salvador’s bitcoin law and its proposed legal tender status. To put it in perspective, the only thing I knew about El Salvador prior to the announcement was the significant gang violence and high crime rates of a Vice Documentary and I had seen pictures of the stunning beaches. That changed after the announcement as I delved deep into the country and its history. It really made me question who developed my perspectives: the media or me. I’m happy to say that I now understand much more clearly how Bitcoin helps those who need help the most first.
Thinking back to the announcement a year later, I realize that maybe everything is going to turn out just the way it’s supposed to. I pause and reflect on the current frustration with my peers and the media in the United States and their opposition to bitcoin, but now I see that they will adopt it later – because they don’t need bitcoin yet. This was a big shock for me and really opened my eyes to many cultural differences around the world and one of the most important points about Bitcoin: it is for everyone. Thanks to Jack Mallers, President Bukele and the nation of El Salvador for pushing the goal of Bitcoin for everyone.
This is a guest post by Bap. The opinions expressed are solely their own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.